Gamble Jones Investment Counsel Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Gamble Jones Investment Counsel cut its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,860 shares of the oil and gas company’s stock after selling 450 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Exxon Mobil were worth $7,933,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. CTC Capital Management LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter worth about $1,807,000. WMG Financial Advisors LLC raised its holdings in shares of Exxon Mobil by 0.9% in the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 108 shares during the period. Polaris Wealth Advisory Group LLC raised its holdings in shares of Exxon Mobil by 3,880.2% in the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock worth $20,288,000 after purchasing an additional 200,102 shares during the period. Brown Advisory Inc. grew its stake in shares of Exxon Mobil by 1.4% in the second quarter. Brown Advisory Inc. now owns 1,803,171 shares of the oil and gas company’s stock valued at $134,296,000 after buying an additional 24,869 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC grew its stake in shares of Exxon Mobil by 8.5% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 7,244 shares of the oil and gas company’s stock valued at $620,000 after buying an additional 566 shares in the last quarter. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, October 31st. The stock was sold at an average price of $110.47, for a total transaction of $276,175.00. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $2,801,850.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is owned by company insiders.

Analyst Ratings Changes

XOM has been the subject of a number of recent research reports. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $120.00 to $135.00 in a research note on Tuesday, January 17th. Wells Fargo & Company increased their target price on Exxon Mobil from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, January 10th. Morgan Stanley increased their target price on Exxon Mobil from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Wednesday, October 19th. Citigroup increased their target price on Exxon Mobil from $98.00 to $110.00 in a research note on Tuesday, November 22nd. Finally, BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 target price for the company in a research note on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.35.

Exxon Mobil Trading Up 0.9 %

Shares of NYSE XOM opened at $113.81 on Wednesday. The company has a market cap of $468.70 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Exxon Mobil Co. has a 12-month low of $71.39 and a 12-month high of $126.54. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $109.54 and its 200 day simple moving average is $101.20.

Exxon Mobil (NYSE:XOMGet Rating) last announced its earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.57. The firm had revenue of $112.07 billion for the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The firm’s revenue for the quarter was up 51.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 EPS. Equities research analysts expect that Exxon Mobil Co. will post 13.92 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, November 14th. This represents a $3.64 annualized dividend and a yield of 3.20%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s payout ratio is presently 29.71%.

About Exxon Mobil

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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